In December iShares received investments of over USD1 billion. Axel Christensen, executive director for South America (ex Brazil) of BlackRock, pointed to the strong interest in increasing exposure in assets and regions with higher risk-return, in markets other than the USA.
Pension fund portfolios ended 2012 with innovations
In December flows to international funds and ETFs stalled, but there was significant movement of portfolios toward equity in emerging markets and Asia. Fixed income funds are losing ground.
Chilean Managers eye Luxembourg
By setting up mutual funds offshore, managers can offer advantages of liquidity to their institutional clients while simultaneously raising funds from foreign investors.
Managers confirm simplification of SBS registration process
Over the last few months the registration process for new foreign mutual funds has been reactivated, with record times of six weeks.
Bice Inversiones takes over distribution of Nordea in Chile
With this partnership the Norwegian bank aims to receive its first investments from the Chilean pension market.
SBS to ease restrictions on plain vanilla international funds
Superintendent Schydlowsky said he was ready to simplify registration of funds representing traditional assets, but will keep a wary eye on more complex instruments.
Picton Advisors takes on Morgan Stanley distribution in Chile
The distributor is also preparing a global private equity closed-end investment fund with Warburg Pincus.
Regulations on AFP fees no longer concern managers
Congressional Committee on Labor and Social Security proposed a regulatory change so that part of the fees that AFPs charge members is based on portfolio returns.
Chilean managers eye Luxembourg
By setting up mutual funds offshore, managers can offer advantages of liquidity to their institutional clients while simultaneously raising funds from foreign investors.